Economy

The value of Bank Melli Iran’s Qarzol-Hasaneh (interest-free) deposits stand at 72 trillion rials ($2.3 billion), said Abdolnasser Hemmati, the bank CEO. He added that BMI’s interest-free loans…

Domestic banks need to increase their capital if they intend to partner with foreign banks, said Bank Parsian’s CEO, Kourosh Parvizian. He warned that banks are short of capital, which is “mainly…

The US dollar continued its rally on Saturday and was traded at 37,340 rials across Tehran's foreign exchange shops, up from Thursday's 37,060 rials. The greenback's surprise bull run started late…

Lawmakers have called on the government to plan for a final and permanent solution to the seemingly unending problems emanating from and related to the unauthorized financial and lending…

Iran is to increase exports of copper cathode and concentrates to China in 2016 based on a recent agreement, says Morad Alizadeh, managing director of National Iranian Copper Industries Company.…

Falling oil prices have shattered dreams of a swift economic recovery, despite talks of an impending lifting of sanctions against Iran’s nuclear energy program.

The global economy is losing…

The government is selling 20 trillion rials ($540 million at market exchange rate) worth of Islamic Treasury Bills through Bank Melli as repayment of overdue debt to non-government contractors.

Iran Mercantile Exchange’s agricultural trading board saw the supply of 9,500 tons of corn, 1,000 tons of durum wheat, 600 tons of unprocessed soybean oil, 200 tons of soybean oil cake and 120…

Australia will soon send a delegation of senior company officials from the mining, trade and industrial sectors to Iran.

To be led by Minister for Trade and Investment Andrew Robb, the…

Tehran Stock Exchange’s main index TEDPIX gained 22.20 points or 0.04% to end Saturday trade at 62,655.

Close to 883 million shares were transacted valued at $53.4 million, indicating a…

Iran banned all imports from Saudi Arabia in a Cabinet meeting chaired by President Hassan Rouhani last week, extending the embargo to free trade and special economic zones as well.

The products of four Iranian milk processing factories have successfully passed veterinary tests in the Russian Federation and received the requisite licenses, Russian news website Pravda.ru…

Key drivers of growth in Iran’s pharmaceutical market will be volume-based, given improvements in healthcare provision and rising population, as downward pressure on prices remains in place over…

Secretary-General of Iran-Turkey Council Seyyed Jalal Ebrahimi believes recent developments in the region will have no impact on economic ties between the two countries.  “Although Iran and…

More than $245 million worth of goods were imported from the United States from January to November 2015, which shows a 31% increase compared with the similar period of the previous year,…

The Seventh Doors and Windows Technology International Exhibition will be held in Tehran on January 22-25.  The event is aimed at introducing the capacities of domestic industries, promoting…

Austria's KTM, famous for its high-performance motorcycles, has announced plans to enter the Iranian market in the coming months.  The announcement by the large group, which is part owned by…

The Renault-Nissan Alliance will launch more than 10 vehicles with autonomous drive technology in the next four years.

Volkswagen will unveil a battery-powered SUV at the Detroit auto show on Monday, according to company sources, part of a push into electric vehicles as it seeks to win back US buyers following its…

Iran is one of the oldest producers of footwear. Its leather shoes enjoy a fine reputation not only at home, but also abroad.

However, for almost a decade, the sector has spiraled downward…

Iran’s National Railway Company and German conglomerate Siemens transportation subsidiary, Siemens Mobility, have signed several memoranda of understanding in Tehran on Wednesday to develop Iran’s…

The current Iranian year (to end March 19, 2016) saw a 12% decline in the number of copies of books published in the country compared to that of last year, said the deputy culture minister for…

Tehran’s International Permanent Fairground will host the Eighth International Exhibition of Gold, Silver, Jewelry, Watch and Related Industries on February 16-19.

Market experts have given varied reasons for the rise in Tehran Stock Exchange and the future trajectory of share prices.

Last week, equities extended their rally for the second week to a…

The Central Bank of Iran cannot tackle the problem of uncertified financial institutions single-handedly, Ahmad Hatami Yazd, former CEO of Bank Saderat said. He dismissed claims that the CBI is…